No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2007-2008/134 · issued 10 Sep 2007 · ~1 min read
Quick answerRBI, with Government of India, withdrew 5 more circulars for public sector banks. Banks must review these circulars and, if still relevant, adopt board-approved policies to replace them.
What changed
RBI withdrew 5 additional circulars issued to public sector banks, following a previous withdrawal in December 2006. Banks are now required to review these circulars and, if the instructions remain relevant, substitute them with board-approved policies.
What it means for you
This reduces the regulatory burden on PSBs by removing outdated circulars, but banks must ensure critical instructions are not lost. Lenders need to proactively assess and internalize any still-valid requirements into their own governance frameworks.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review the enclosed list of 5 withdrawn circulars carefully.
Identify any instructions still relevant to your bank's operations.
Draft and get board approval for policies to replace those instructions.
Maintain documentation of the substitution process for audit readiness.
Who it affects
Public sector banks, Board of directors of PSBs, Compliance and policy teams
RBI’s words: “In continuation of our circular letter DBOD. No.Inf. BC.32/11.01.009/2007-08 dated September 10, 2007”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #2344: DBOD.No.Inf.BC.32/11.01.009/2007-08 — "Review of Circulars Issued to Public Sector Banks (PSBs)" dated September 10, 2007”
📜 Read the original circular — full text as issued by RBI
RBI/2007-2008/134
DBOD. No. Inf. BC.32 /11.01.009/2007-08
September 10, 2007
To
Chairman & Managing Director
of all Public Sector Banks
Dear Sir,
Review of circulars issued to Public Sector Banks (PSBs)
In continuation of our circular letter DBOD.No.Inf.BC.48/11.01.009/2006-07 dated December 18, 2006 on the above subject, it has been decided in consultation with the Government of India to withdraw 5 more circulars, as detailed in the enclosed statement.
You are advised to carefully go through the list of circulars in the enclosed statement and in case it is felt that the instructions in the circular are relevant, kindly ensure that suitable Board approved policies/procedures are drawn up for substituting the same.
Yours faithfully,
(Malvika Sinha)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/134 · issued 10 Sep 2007. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=3809&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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